Not a smartie and don't understand the following
Phase 1 of the development will target an estimated 231 MMbbl of oil resources (2P gross, 60 MMbbl (2P) reserves Woodside net economic interest) from the lower, less complex reservoirs, and an initial pilot phase in the upper reservoirs. As a result of the first reserves booking for the Sangomar Development, the Woodside reserves increased by 60 MMboe at the 2P confidence level
60/231 is only 26% don't they own 31.15% after scale back so they should book 72 MMboe: if we apply the same % to FAR that gives them about 26 MMboe
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- Ann: Sangomar Field Development Exploitation Plan Approved
Ann: Sangomar Field Development Exploitation Plan Approved, page-24
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